Job Description:
The Chicago Community Loan Fund (CCLF) is a not-for-profit social investment intermediary providing a bridge between socially concerned investors and community development projects in low- and moderate-income neighborhoods of metropolitan Chicago. Through the provision of credit and technical assistance, CCLF works closely with community development corporations and other community-based organizations on housing and economic development projects conceived to improve the quality of life in disadvantaged neighborhoods. CCLF currently has a staff of 10 and nearly $10.5 million in capital under management. For more information about the organization, visit www.cclfchicago.org.

CCLF seeks a full-time Lending Program Director to manage the day-to-day operations of its Lending Program including program administration, marketing, underwriting, policy and product development, portfolio management and reporting. Specifically, CCLF seeks a candidate who would:

• Manage all operational aspects of lending and technical assistance programs;
• Market CCLF’s lending and technical assistance programs (primary spokesperson);
• Supervise and evaluate the performance of other lending and technical assistance programs staff;
• Serve as key staff for the technical assistance program;
• Coordinate activities of the Loan, Business Development and Risk Management Committees;
• Oversee portfolio management function, staff and database system;
• Develop new loan products and policies;
• Determine the feasibility of loan applications and prepare written credit memos;
• Process loan applications in collaboration with lending staff;
• Coordinate loan closings, including reviewing loan documents, appraisals, surveys and environmental reports;
• Prepare reports on borrower inquiries, lending activity and loan repayment schedules;
• Maintain accurate and complete loan files;
• Assist with the general promotion of CCLF among prospective investors; and
• Complete other assignments as required.

Nature & Scope of Working Relationships
The Director of Lending and Technical Assistance Programs position requires maintenance of effective working relationships with borrower organizations; financial institutions; state and federal agencies; legal and fiscal advisors; the Board of Directors and its committees; Executive Director; other public/private sector institutions; and peers in the field of community development. The Director of Lending and Technical Assistance Programs reports to the Executive Director.

Major Challenges/Performance Measures
The major challenge of this position is to solicit, process and approve sufficient applications to make loans up to the maximum capability of CCLF. The major focus is to establish and maintain a track record of fair and secure financial return to CCLF and substantial benefits to low- and moderate-income communities. Performance measures include the quality of balance between reasonable risk and maximum-targeted production in CCLF’s portfolio (recognizing the final determination of loans and investments is the responsibility of the Loan Committee/Board of Directors), accuracy and completeness of proposal evaluations and reports to the Loan Committee and Board of Directors.

Requirements/Qualifications:
The successful candidate will possess the following: 3-5 years previous experience in finance; superior oral and written communication skills; demonstrated commitment to neighborhood redevelopment and/or poverty alleviation/social justice; construction lending experience desired; strong marketing skills; previous work experience in community development; the ability to work successfully with a diverse range of community-based groups; knowledge of sources of housing and business financing and technical assistance available to community-based organizations; an attention to detail; and an ability to work effectively in a team. Previous underwriting experience is a must.

Minimum educational requirement: Bachelors degree in urban planning, business, economics or a related field. Bilingual skills (English/Spanish) are preferred, but not required.

Compensation · Salary is commensurate with experience.
· Benefits: 3 weeks vacation; medical and dental insurance; and retirement

How to Apply:
FOR FURTHER INFORMATION, OR TO APPLY, PLEASE SUBMIT RESUMES TO:
David Erickson-Pearson
Boulware & Associates Inc.
8008 S. Madison Way
Centennial, CO 80122
303-703-6165
davidep@boulwareinc.com
DEADLINE: June 6, 2003
The Chicago Community Loan Fund is an equal opportunity employer.